Saga founder: The average income of women in the Web3 financial sector is 46% lower than that of men, a higher rate than in the Web2 financial industry

ChainCatcher news, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.

In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.

Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.

Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.